AirBoss of America (TSE:BOS) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of AirBoss of America Corp. (TSE:BOS) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$4.53 and traded as low as C$3.96. AirBoss of America shares last traded at C$4.09, with a volume of 41,560 shares traded.

Wall Street Analysts Forecast Growth

BOS has been the subject of several research analyst reports. Cibc World Mkts upgraded shares of AirBoss of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 4th. CIBC raised shares of AirBoss of America from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from C$4.00 to C$5.00 in a report on Wednesday, December 4th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$6.19.

AirBoss of America Price Performance

The firm has a market capitalization of C$110.96 million, a P/E ratio of -1.49, a PEG ratio of -550.53 and a beta of 2.05. The business’s 50-day simple moving average is C$3.95 and its 200 day simple moving average is C$4.53. The company has a quick ratio of 1.07, a current ratio of 2.17 and a debt-to-equity ratio of 92.36.

AirBoss of America (TSE:BOS) last issued its earnings results on Wednesday, November 6th. The company reported C($0.16) EPS for the quarter, missing analysts’ consensus estimates of C($0.05) by C($0.11). AirBoss of America had a negative return on equity of 33.87% and a negative net margin of 13.99%. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. Sell-side analysts forecast that AirBoss of America Corp. will post 0.1012935 earnings per share for the current year.

Insider Activity

In other news, Director Peter Grenville Schoch bought 10,900 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of C$3.80 per share, with a total value of C$41,420.00. Also, Senior Officer Franco Ientile purchased 10,000 shares of the business’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of C$4.27 per share, for a total transaction of C$42,739.00. In the last quarter, insiders purchased 36,400 shares of company stock valued at $143,669. Insiders own 34.90% of the company’s stock.

AirBoss of America Company Profile

AirBoss of America Corp., together with its subsidiaries, manufactures and sells rubber-based products in Canada, the United States, and internationally. It operates through AirBoss Rubber Solutions and AirBoss Manufactured Products segments. The AirBoss Rubber Solutions segment involves in the manufacture and distribution of rubber compounds and rubber compounding related chemicals for various application in automotive, heavy industry, rollers, conveyor belting, defense, construction and infrastructure, mining, transportation, and oil and gas industries.